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Chicken Soup for the Soul Entertainment Announces Partial Exercise of Underwriters’ Option to Purchase Additional Shares of Series A Redeemable Perpetual Preferred Stock Offering

July 11, 2018

COS COB, Conn., July 10, 2018 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment, Inc. (“CSS Entertainment”) (Nasdaq:CSSE), a growing media company building online video on-demand (“VOD”) networks that provide positive and entertaining video content for all screens, today announced that the underwriters of its recent public offering have partially exercised their over-allotment option by purchasing an additional 46,497 Series A Cumulative Redeemable Perpetual Preferred Stock at a price of US $25 per share, for additional gross proceeds to Chicken Soup for the Soul Entertainment of US $1,162,425. Closing of the partial exercise of the over-allotment option was completed today.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services (NYSE American:LTS), acted as sole book-running manager of the offering. The Benchmark Company and Northland Capital Markets acted as co-managers.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus, copies of which may be obtained from any of the underwriters, including the offices of:

Ladenburg Thalmann & Co. Attn: Syndicate Department 277 Park Avenue, 26th Floor New York, NY 10172212-409-2000 Email: prospectus@ladenburg.com

The Benchmark Company, LLCAttn: Prospectus Department150 E 58th Street, 17th floor New York, NY 10155 212-312-6700Email: prospectus@benchmarkcompany.com

Northland Capital MarketsAttn: Heidi Fletcher 150 South Fifth Street, Suite 3300 Minneapolis, MN 55402800-851-2920 Email: hfletcher@northlandcapitalmarkets.com

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT

Chicken Soup for the Soul Entertainment, Inc. is a growing media company with online video on-demand (“VOD”) networks that provide positive and entertaining video content for all screens. The company also curates, produces and distributes long- and short-form video content that brings out the best of the human spirit, and distributes the online content of its affiliate, A Plus. The company’s subsidiary, Screen Media, is a leading global independent television and film distribution company that owns one of the largest independently owned television and film libraries. The company also owns Popcornflix®, a popular online advertiser-supported VOD (“AVOD”) network, and four additional AVOD networks that collectively have rights to exhibit thousands of movies and television episodes. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set forth in the offering circular) and uncertainties which could cause actual results to differ from the forward-looking statements. The company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.

INVESTOR RELATIONS James CarbonaraHayden IR james@haydenir.com (646) 755-7412

MEDIA CONTACT Kate Barrette RooneyPartners LLC kbarrette@rooneyco.com (212) 223-0561

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